$450M BTC dumped in a day 🌊, Memecoin trader hits jackpot 🤑, Reddit IPO 🚀
📌 Daily Crypto, Blockchain & Web3 Update 2024-01-19
CRYPTOCURRENCY
Fidelity Ether ETF delayed as more leveraged Bitcoin ETF bids flood in (4 min read)
Fidelity’s spot Ethereum ETF bid was delayed on the same day another five leveraged Bitcoin ETFs were filed for SEC approval.
Bitcoin miners in ‘selling mode,’ dumping $450M BTC in a day (3 min read)
Bitcoin miners have been offloading again as reserves slump to a yearly low, dropping more than 10,000 BTC in a single day.
Memecoin trader briefly becomes millionaire off throwaway Elon Musk X gag (3 min read)
A crypto trader turned $10,000 into $1.3 million with a well-timed purchase of the TROLL token after Elon Musk updated his bio to “Chief Troll Officer” on X.
JPMorgan Chase leads $500M funding round for Honeywell/Cambridge quantum unicorn (3 min read)
The fundraise was joined by Mitsui & Co and Amgen at a valuation of approximately $5 billion.
QUICK LINKS
Reddit to launch IPO in March: Report (1 min read)
Social media giant Reddit reportedly intends to launch its initial public offering (IPO) in March, nearly three years after hiring IPO advisers.
Chasing Ronaldo: Binance users to employ creative tactics in class-action lawsuit (2 min read)
Binance users involved in a class-action lawsuit against Cristiano Ronaldo are taking unconventional steps in their pursuit, filing a motion to serve the elusive soccer star through alternative channels, including X.
Donald Trump vows to ‘never allow’ creation of a CBDC in the United States (1 min read)
U.S. presidential candidate Donald Trump made the promise during a campaign speech in Portsmouth to a round of cheers and applause.
Former OpenSea manager appeals conviction, claiming NFT info isn’t ‘property’ (2 min read)
In May 2023, a jury convicted Nathaniel Chastain of wire fraud and money laundering related to his knowledge of what NFTs would be featured on the OpenSea website.
Manta Network experiences DDoS attack amid exchange listing (2 min read)
Over 135 million RPC requests flooded Manta’s blockchain nodes on Thursday.
Thailand opens doors to retail investments in infrastructure-backed digital tokens (2 min read)
The new rules cancel the previous limit of 300,000 baht ($8,500) for retail investors concerning investments in digital tokens backed by real estate or infrastructure.